Long the TSX (XIU.TO ETF)

I bought calls on the Canadian TSX index ETF, XIU. The chart below looks like we are going to break out of the range trading mode we have been in for the past month.

Volatility is ultra low and its back in uptrending mode. Also a buy signal was registered on momentum indicator.

Also Gold broke out today, Oil looked to be regaining a foot hold to head higher. Strong Oil and Gold prices are good for the TSX.

The weekly chart is also uptrending and volatility is reasonable low on it as well.